- The United States has imposed a 39% tariff on imports from Switzerland, a rate significantly higher than the 31% initially threatened by the US in April.
- This new tariff is among the steepest globally, making Switzerland subject to the fifth-highest tariffs worldwide, and the highest in Europe.
- Swiss President Karin Keller-Sutter expressed regret, stating that the new tariff rate deviates significantly from a draft framework that had been under negotiation.
- Swiss business associations are calling for urgent negotiations, warning that Swiss goods in the US will become considerably more expensive than those from the European Union (15% tariff) or Britain (10% tariff).
- Key Swiss exports, including luxury watches and pharmaceutical products, are expected to be heavily impacted, with shares of high-end timepiece sellers already tumbling.
Switzerland stunned by 39% US tariff, highest in Europe
Aug 1, 2025, 1:08:23 PM UTC(1 day ago)
Impact: Medium
From:@DeItaone
SWISS PRESIDENT KELLER-SUTTER: 39% TARIFF IS MUCH HIGHER THAN WHAT WAS NEGOTIATED
Affected Tickers
UHR.SW(UNKNOWN)CFR.SW(UNKNOWN)NVS(STOCK_US)
